Program and guest
CNBC’s Squawk Box interviews Uber CEO Dara Khosrowshahi. Original English title: Uber CEO Dara Khosrowshahi on Q3 results: We have more demand than we have supply. The subtitles cover 0:00–9:13; this article covers the full interview.
Key points
- Gross bookings grew 20% year over year this quarter on a base of 60 billion dollars, while trips grew 16% year over year. 1:05
- Monthly active users exceeded 200 million, up 14% year over year, and the central challenge is that demand exceeds supply. 1:16
- Uber has committed approximately 10 billion dollars to autonomous driving; for every 1 dollar invested, it can typically raise another 2–3 dollars externally. 2:37
- More than 2000 autonomous vehicles will be on the platform next year, reaching tens of thousands by 2028. 3:37
- The category is growing approximately 7 percentage points faster in mature autonomous-driving markets than nationwide. 4:07
- Uber can predict the destination for 75% of trips, and one-tap booking takes less than 50 seconds on average; the direct channel itself is a moat. 6:36
Background and notes
This CNBC episode focuses on Uber’s earnings, autonomous-driving investment and AI agents. The subtitles cover 0:00–9:13; this article covers the full interview. Views and timestamps are paraphrased from the original subtitles, with each timestamp marking the start of the corresponding passage.